Redwood Trust’s core operations were profitable in the third quarter, including record mortgage acquisitions. However, sales of legacy assets prompted a loss at the real estate investment trust.

The mortgage-banking division of Rithm Capital originated $1.0 billion of non-qualified mortgages in the third quarter, up 42.9% from the previous quarter.

Ares Alternative Credit will purchase non-qualified mortgages from LenderMAC, as well as provide strategic capital to the lender.

A federal court vacated its prior decision on a case regarding regulation of home equity investment products, allowing a lower court’s decision to dismiss the case to stand.

Newfi Wholesale launches bank statement analysis offering; Columbia Threadneedle Investments partners with Long Run Partners to securitize non-agency mortgages.

David Spector, chairman and CEO of Pennymac Mortgage Investment Trust, said execution in the non-agency market is currently superior to delivering the loans to the GSEs.

Pennymac is issuing a non-agency MBS with owner-occupied loans that are eligible for sale to the government-sponsored enterprises.

Redwood Trust reported a loss of $7.7 million for the third quarter of 2025.

Nonbank mortgage companies looking to survive a tough originations environment must double down on independence, form strategic alliances or cash out through mergers or acquisitions, according to Stratmor.

Securitize could become a public company through a merger with Cantor Equity Partners II, a blank-check company, in a combination valued at $1 billion.